Prosper's New Group Ratings System

Prosper now has a new group rating system in place, that gives stars to groups based on loan performance. Groups in which the borrowers are late or default less than would be expected, judging by their credit score, receive more stars than groups whose default rate is worse than would be expected. 15 payments must have come due before a group gets a ranking.

These are the results of my recent search for 5-star groups only. Hard Money Loans, Vets helping vets, Computer and IT Professionals, and Nu Beginnings are at the top. Tzedakah is another group highly-ranked, that is also respected. Only 34 groups out of over a thousand made this list, and together, there are over 200 open listings from members of these groups.

Read the official announcement here